Adamas Trust, Inc. (NASDAQ:ADAM – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $9.50.
Several brokerages have recently commented on ADAM. UBS Group raised their price target on Adamas Trust from $8.50 to $9.50 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. JonesTrading reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Adamas Trust in a research note on Thursday. Wall Street Zen cut shares of Adamas Trust from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Adamas Trust in a research report on Tuesday, July 21st. Finally, Zacks Research upgraded shares of Adamas Trust from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th.
View Our Latest Stock Analysis on ADAM
Hedge Funds Weigh In On Adamas Trust
Adamas Trust Trading Down 1.1%
ADAM opened at $8.91 on Friday. The stock’s fifty day moving average is $9.43 and its two-hundred day moving average is $8.79. The company has a market capitalization of $800.83 million, a P/E ratio of 5.30 and a beta of 1.18. Adamas Trust has a 52 week low of $6.45 and a 52 week high of $10.36. The company has a quick ratio of 18.54, a current ratio of 18.54 and a debt-to-equity ratio of 11.89.
Adamas Trust (NASDAQ:ADAM – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. Adamas Trust had a return on equity of 14.72% and a net margin of 29.82%.The business had revenue of $47.92 million during the quarter, compared to analyst estimates of $47.50 million. Analysts forecast that Adamas Trust will post 1.2 earnings per share for the current year.
Adamas Trust Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Tuesday, September 22nd will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, September 22nd. This is a positive change from Adamas Trust’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 13.5%. Adamas Trust’s dividend payout ratio is 64.29%.
Adamas Trust Company Profile
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